The Recovery Of The Iraqi Dinar !

[DinarThug]

Postponement of the cycle (electronic banking operations and methods of fraud and methods of combating) to be from 10-2018 / 4/14 in the Republic of Turkey

 

Translation ...

 

Governmental / private banks, financial transfer companies and all banks
M / training courses

Enter our letters numbered (1 / ?? (V) (13/71) of 1/7.
Which includes a training course on e-banking and fraud methods
And the methods of combating them (which are to be established in the Turkish Republic are postponed to be for the duration of
1 -} 8/4/1 1.? (Except for days of travel (starting from 4 / © / 1-25-25%?) Except for travel days
Participation in the training program). +? ($ 1.00) and two dollars (for each trainee paid from an account)
The bank is open in dollars in this bank and in the absence of accounts of banks or companies open
In the Central Bank authorizes another bank to pay the wages of the training of the termination and payment by the bank
And the Central Bank of Iraq.
Please send your clarifications at the end of the official working day of the corresponding day of acceptance
(A) on the Center's e-mail with a colored copy of the passport and photo
(A) the number of () possible speed to enable us to take the necessary + and authorize us to deduct training fees
Of your bank accounts with open dollars
With the estimate

[DinarThug]

A training course entitled (Counterfeiting and counterfeiting of local and foreign currency and their equivalents in real currency) for the period 3-2018/4/4

 

Translation ...

 

To all governmental and private banks
M / the role of 5 km
The Center for Banking Studies presents you with its greetings
I would like to inform you that a training course entitled "Counterfeiting and counterfeiting of currency has been organized
Local and foreign currencies and compare them with the real currency "for the period 4/5 / 3-7 1" at nine o'clock in the morning
As detailed below:
1. Place of the session: Central Bank of Iraq / Center for Banking Studies
Rasheed Street.
1. The name of the lecturer: the competent staff in the Issuance and Treasury Department / Central Bank
Iraq.
3. Course language: Arabic language
The subscription fee is known. + +5 "(dinars) and seventy-five thousand dinars (one participant
A deposit with the letter of nomination shall be paid to the Center for Banking Studies on the account number (+ e! 3A
Through the system of payments by code (??) and by using the type of 1.202%
You can send the names of your candidates by e-mail to the Center for Banking Studies

Nominate your employees to be present at the specified time and place,
With appreciation
https://cbi.iq/news/view/642

[DinarThug]

A training course entitled (Combating Money Laundering and Terrorist Financing) for the period from 1-2018 to 4/5

 

 

Translation ...

 

 

To / government and private banks and authorized financial transfer companies
The Center for Banking Studies presents its greetings ...
We would like to inform you that a training course entitled "Combating Money and Financing Terrorism" was held for the duration of
-3 / 2 /% 1 +? At 9:00 am, according to the details below
1. Nomination requirements: - All employees related to the subject matter of the course.
Course Location: Ministry of Accounting and Finance / Erbil
3. Name of lecturer: - A specialized team of the Anti-Money Laundering and Terrorism Financing Office of the Bank
Central Iraq
Course Language: Arabic Language
Please nominate your employees for related work above. He knew that the wages of Ashtrak. . 75 1
(One hundred and seventy-five thousand dinars) for each participant paid to the Center for Banking Studies on the account number
(33) through the payment system (8765) by code (e) and by using type (202 0% 11) and you can
Please send your candidates' names to the study center
By official mail later and before the start of the course.
With appreciation

[DinarThug]

https://cbi.iq/news/view/648

Training courses include the qualification and award of the certificate of the head of auditors certified by the British (IRCA) in the standards

 

 

March 26, 2018

 

 

Translation ...

 

 

To / government and private banks and authorized financial transfer companies Dr 9 C / Session (Financial Reporting Standard No. (Financial Instruments)

The Center for Banking Studies presents you with its greetings. .

IFRS 9 is an important IFRS for the elimination of fluctuations in IFRS Profit and loss arising from changes in credit risk from liabilities to be measured at fair value This center announces a training cooperation with Ernst & Young International Audit Company to establish a training course for the duration of 2018

- // 12 48 to explain the classification and measurement bases for this standard and to choose the principal and cash flow payments To discuss the requirements for impairment of financial instruments and to measure the expected credit losses and the effects On banks and hedge accounting, and according to the details below:

1. Conditions of nomination: - The relevant staff. .

The Central Bank of Iraq 3 / Center of banking studies located in Al Rasheed Street / Second Floor.

3. Name: - Foreign Expert / International Auditing Company Ernst & Young. The Lecturer 4. Session:

- Arabic language Seek to nominate 600 members Of their work related to the above subject and that the subscription fees amount to () dollars (Six hundred dollars) per participant is authorized To make a deduction from your accounts in US dollars

You can send the names of your candidates by e-mail to the Center for Banking Studies ig .bsccbi () With the submission of nomination books by official mail.

Later and accepted by the program with respect .. Dr.. Abdul Hafiz Abdul Latif Through the Director General Copy // For inquiries, please contact the Center for Banking Studies at (55) 78634346.

[siberian_shaddow]

Much Appreciated Thugs, +1 for you my friend wish I could give u more,  seems like there getting things in order as they should be. I am curious to what there credit rating will be this time when they do it. 

[DinarThug]

2018-03-26 

Iraq: Government banks account for 60 percent of deposits

 

Experts expected the increase in the volume of Iraqi bank deposits during the current year after the adoption of a budget reduced the rate of austerity that has gone through the government since 2014, following the crisis of low oil prices and the occupation of large areas of Iraq by the «Da'ash».

The banking sector showed that the balance of deposits in the banking sector declined in 2015 and 2016 to reach 62.4 trillion dinars ($ 52 billion), and 60 percent of total bank deposits, especially in government banks, belong to public services. Domestic and foreign companies.

"The drop in deposits is due to the drop in government spending after 2014, especially since most of the deposits are in government banks," banking expert Nihad Abboud told Al Hayat. "The government's austerity policy reflected a decline in private sector deposits from $ 20 billion to $ 18 billion in 2016," he said.

Abboud warned of "concentrating government deposits and limiting their dealings with government banks, specifically Rafidain Bank, which accounts for 45 percent of total deposits, which carries great risks in the event of any emergency, in addition to the deliberate weakening of the private banking sector of Iraq.

A source at the Central Bank «life» that «drop levels of deposits in banks caused by the crisis of falling oil prices and the cost of war on the duplicitous and government spending on internal displacement».

He explained that «the bank has followed a wise policy through which to manage the financial policy without having any negative consequences, Iraq has gone through a very severe crisis was a sudden decline in the volume of government and private deposits, and liquidity is trading outside the banks, and here is difficult to control Or even directed to manage sufficient amounts of dinars to cover the large expenses ». "The size of these deposits will grow significantly this year as a result of the lifting of many items that were burdens on the state treasury, including war expenses of $ 30 million a day, and reduce unnecessary spending that can be exploited in economically viable projects."

Member of the Finance Committee, Mahasen Hamdoun said that «ancient cultures that are still in place played a prominent role in the ratios of dealing with the banking sector», noting that «the Iraqi citizen still prefer to keep his money in his home, whether coins or gold, for fear of any emergency Or war or unexpected displacement ».

"The other reason why bank deposits remain substandard is that banks refrain from any advertising or educational activity," she said.

Iraq is witnessing a significant expansion in the number of private banks and the opening of branches of Arab and foreign banks, as of the number until the end of 2007 about 110 banks and financial institutions.

link

[DinarThug]

22 minutes ago, siberian_shaddow said:

Much Appreciated Thugs, +1 for you my friend wish I could give u more,  seems like there getting things in order as they should be.

 

A Flurry Of Press Releases Out Of The CBI Today - I Wonder What They Might Be Gearing Up For ...

 

     

[jcfrag]

And who could blame them, as they have seen it all. Sometimes in Iraq ya just gotta grab that money and run...

[DinarThug]

On 3/22/2018 at 12:08 PM, DinarThug said:

Iraqis lose 77% of the value of their money in the siege

 

22nd March, 2018 by Shatha Khalil
Defines economic compactness as "holding money and imprisoning it from circulation." It may be that money is buried or kept in boxes inside the house and is not taken out to trade in money and capital markets. 

The prevalence of the phenomenon of compactness in developing countries is due to the weakness of the banking culture, which generates a vicious circle of forces that are opposite to the movement of economic and social development. Data of underdevelopment widen the phenomenon of stagnation, which leads to a reduction in the volume of positive savings, And the economic and social development movement necessary for the development of Third World countries. 

One of the negative effects of hoarding and its impact on economic activity in developing countries is the division of income according to economic considerations into two parts: a section that spends on consumer requirements, and another goes to savings. If, in the short term, income is assumed to be constant, the individual can only increase his savings by reducing his consumption expenditure.

In Iraq, the governor of the Central Bank Ali al-Aalak said that the phenomenon of financial strangulation outside the banking system is dangerous, as 77% of the currency traded outside the system of the banking system is in a state of exhaustion. In order to employ these resources and pay them towards savings and the direction of the banking sector, And wide at all levels. " 

The economic expert Raed Fahmi said that "securing the internal resources and mobilizing them in the issue of savings is very important, and this constitutes a great danger and concern for the funds in the case of hoarding."  He pointed out that "the state of compactness means a lack of confidence in the banking sector in attracting deposits, Is not only a financial and administrative challenge but also harms the economic reality and the security reality and the political reality, and here highlights the role of banks in enhancing the confidence of citizens to deposit their money in banks.

The director general of financial operations and debt management in the Central Bank of Iraq, Dr. Mahmoud Dagher, said that the lack of confidence of the citizen banks face all backward countries, including Iraq, where private banks grew in an unstable situation and despite all the changes and improvements, but banks are still unable On the confrontation, and we are still witnessing the dominance of government banks such as Rafidain and Rashid, on most deposits and banking assets and therefore this created a dilemma for private banks to play their part. 

Dagher pointed to "bank irregularities of the instructions of the Central Bank, especially in the sale of the dollar, pointing to the transformation of Iraq into a market economy, which of its conditions supply and demand. He said there is a high demand for the dollar because of the instability can not be restrained, pointing out that the former was the central bank before 2014 covers each quantity and now we do not cover the quantity required by the importers or who have assets or external transfers this pressure, the economy is due lack of confidence The citizens of the banks to the following: - 

The non-payment of the government dues private sector, contractors and farmers, despite the passage of long years to maturity, in addition to the lack of cash liquidity in banks, especially the civil ones, when reviewing the citizen to withdraw his money is shocked by the inability of the bank to meet its dues.

• The Iraqi citizen loses about 5% of his money because of exchange rate difference once deposit money in dollars in his bank account and then withdrawn, and this is a great suffering it, and the central bank to monitor the private banks and government in the installation and set a fixed ceiling for the amount of exchange foreign currency but note that there Manipulation and corruption in this matter. 

• The most serious situation faced by citizens with private banks is that they close and close their doors without warning and without any legal accountability to them, so we see that most citizens have fled dealing with private banks. 

• The delay in the service and not keep pace with some banks to modernity and routine in the private banking system, which was supposed to overcome, and these things have their role and impact. 

• Lack of awareness among individuals of the importance of a private banking sector. This view means the need to expand the scope of financial coverage, which means the delivery of banking services to all citizens, whether in the government or private sector.

The financial and economic adviser, Dr. Mazhar Mohammed Saleh, said that the manifestations of the compactness in Iraq take different dimensions, namely: self-compactness such as gold, jewelry and precious valuables, and the Iraqi dinar, which accounts for 77% of the currency exported outside the Central Bank of Iraq. 

The stifling weakens the strength of the national economy by diverting its savings, which support system" rel="">support the income and production dues, to stumbling leaks, in the income cycle, or weaken production opportunities and sustain economic activity.  Here is the demand for cash or money-like wealth for the purpose of hedging "uncertainties".

The history of the Iraqi banking has witnessed during the last century the phenomenon of exchanging gold in paper currency by placing gold as a hostage at the jeweler, or moneylenders for a riba interest, as the demand for money here helps through the guarantee of gold by extracting formal money from the cycle of monetary leaks to the spending cycle, Economic, but with illegal market instruments, and thus demand for cash for purposes of transactions but for cycles of income is not necessarily complete and does not lead to real economic balance.

Saleh pointed to an important event in the history of the Iraqi economy, in the sixties of the last century, was established a government bank called the Mortgage Bank / a legal and official alternative to the phenomenon of moneylenders and the whole market illegally, as it provides loans guaranteed gold guaranteed by the Bank of mortgages, To keep the gold held by the Borrower until the maturity of the Loan or to pay for interest charged by the Borrowing Bank to cover the operating costs and part of the risk of fluctuating the value of the same security of the jewelery and gold bars occupied.  Saleh highlights the bank's cancellation at the beginning of the 1970s for unknown reasons. 

Banks remained in a semi-banking relationship with customers in the provision of services, as bank funds or personal bank vaults remained available to citizens and available for use within each bank, especially government, including Rafidain and Rashid. The citizen can keep his precious resources and important documents in safe places with 100% safety, for a monthly or annual fee.  The absence of this safe service cut off one of the bonds between the citizen and the bank as an entity that preserves the wealth of the society and strengthens the connection between the citizen and the bank.

Saleh called on the Iraqi Central Bank to directly study, granting vacation Iraqi bank mortgage, pledge of gold and jewelry to meet cash (which boosts bank credit and converts the semiconductor storehouse of wealth to a guarantor in the generation of power demand for money for the purposes of transactions and support system" rel="">support economic activity.  Promised this thing one institutional channels To eliminate the phenomenon of compactness with money equivalent, gold and other, and maximize the atmosphere of confidence between banks and citizens, to receive their gold jewelry and other valuable valuables in the vaults of banks at affordable wages.

The citizens demanded the establishment of a deposit guarantee company to reassure their bank deposits of the risks of banks 'exposure and failures; because it reduces the demand for liquid cash as a catalyst, which is an unstable, highly concerned function that is highly correlated with the interpretation of uncertainty in individuals' demand for cash in its rolling form Or quasi-money, and to prevent the entry of the cycle of income and deprivation cycle of economic activity.

 

(The Late) BondLady’s Admin Ms Timmie ...

 

 

 

3-26-2018   Newshound Guru tlm724   Article: 

"Iraqis lose 77% of the value of their money in the Hoarding"  

It's time for Iraq to make some serious changes in banking and gaining the confidence of the people.

Stop the auctions and make the Dinar the star!

[skeetdog]

Thanks DT...The education programs to train banking personnel and t he citizens was mentioned as being one of the last signs...The CBI has to realise the profit to be made off the market adjustment with the magitude of commerce generated by a newly established private sector...With just the initial international interest shown in developing Iraq's multifacet economy......will dwarf what being made off the auction....

[jcfrag]

If they would go ahead and RV the dinar.... I think they will find that there will be more Dinars then Iraqis will know where to hide em. They will have to start putting it in Iraq’s banking investments or their own bank accounts! 

The Kurds are the ones most concerned about corruption these days, but then the Barzani’s are still in charge. Who could blame them?

Let’s get this done Abadi! Finish what you started my good man!!!!!!!

 

 

[skeetdog]

......Hopefully.... the CBI's next attempt at getting the citizens to deposit their 'chucky-cash' into their banks is to make the dinar too valuable to keep the larger bills at home...

[3n1]

41 minutes ago, skeetdog said:

......Hopefully.... the CBI's next attempt at getting the citizens to deposit their 'chucky-cash' into their banks is to make the dinar too valuable to keep the larger bills at home...

 

i hear you Sdog, not sure what the currency plan is now we read nothing about it since shabbs left the cbi , one would think its the same or they are not saying , shabibi and seleh at one time years ago talked about the old and the new denom's in circulation running together for a given amount of time the cbi would give a time limit for them to exchange... shear conjecture and speculation on my reasoning not to be construed as financial or investment purposes ....  

[ChuckFinley]

1 hour ago, skeetdog said:

......Hopefully.... the CBI's next attempt at getting the citizens to deposit their 'chucky-cash' into their banks is to make the dinar too valuable to keep the larger bills at home...

Hey Skeetdog, that is going to be interesting. If they can find a way to suck in that "chucky-cash" things could get interesting. 

[Butifldrm]

Iraq's debt is $ 71 billion

 

Banks

Economy News Baghdad: The Iraqi central bank governor Ali Aliak said on Monday that the Iraqi debt reached 71 billion dollars, stressing that the subject of deleting zeros from the currency is ready but needs a suitable environment for its implementation. Al-Aalak said in a meeting with the editors of a number of Iraqi media and attended by "Economy News" that "Iraq's external debt is still within reasonable rates did not reach the red zone," stressing that "the current Iraqi debt is $ 71 billion, divided into 42 billion An internal debt dollar and $ 29 billion in foreign debt. " He added that "some specialists add to the total debt amount of more than 40 billion dollars, which is a Gulf debt since the time of the previous regime and is pending and did not claim these countries," explaining that "the Gulf countries may be debt cancellation at any time." On the other hand, Al-Alaq said that "the subject of deleting zeros from the currency is ready but needs a suitable environment to be applied to prevent manipulation and fraud by the owners of vulnerable souls," noting that "the Central Bank sent the salaries of employees of the Kurdistan region before solving the problem with the central government and deposited In the branch of Erbil. "   http://economy-news.net/content.php?id=11713

[Butifldrm]

Central Bank announces the rise of Iraq's foreign currency reserves to 51.5 billion dollars

 

Side of the meeting of the Governor of the Central Bank on the relations with the local media «Economy News»

Banks

Economy News Baghdad: The governor of the Central Bank of Iraq, Ali Alalak, the rise of Iraq's foreign currency reserves to 51.5 billion dollars. Al-Alak said in a meeting with a number of editors of local newspapers and news agencies, including the "Economy News", that "the foreign reserves rose this year to 51.5 billion dollars because of the failure of the central bank to buy treasury remittances," adding that "the central bank has gone a long way in managing Foreign reserves and we are starting to generate financial returns by investing gold abroad. " He pointed out that "the Central Bank was able to restore the independence lost since 1980 to the government in addition to controlling inflation, which reached 40% before 2003 and now 4%." "The stability of the banking sector is an essential objective to achieve financial stability and curb inflation," he said. He continued that "the system of payments in the Central Bank is one of the most advanced systems in the world and estimated transactions carried out monthly 14 trillion dinars did not face any violations." http://economy-news.net/content.php?id=11712

Views 1638   Date Added 26/03/2018

[Carrello]

 

Iraq's debt is $ 71 billion 

 

[keep reading to see Alak's comments on deletion of zeroes]

 

Economy News Baghdad: The Iraqi central bank governor Ali Aliak said on Monday that the Iraqi debt reached 71 billion dollars, stressing that the subject of deleting zeros from the currency is ready but needs a suitable environment for its implementation. Al-Aalak said in a meeting with the editors of a number of Iraqi media and attended by "Economy News" that "Iraq's external debt is still within reasonable rates did not reach the red zone," stressing that "the current Iraqi debt is $ 71 billion   divided into 42 billion An internal debt dollar and $ 29 billion in foreign debt. " He added that "some specialists add to the total debt amount of more than 40 billion dollars, which is a Gulf debt since the time of the previous regime and is pending and did not claim these countries," explaining that "the Gulf countries may be debt cancellation at any time." On the other hand, Al-Alaq said that "the subject of deleting zeros from the currency is ready but needs a suitable environment to be applied to prevent manipulation and fraud by the owners of vulnerable souls," noting that "the Central Bank sent the salaries of employees of the Kurdistan region before solving the problem with the central government and deposited In the branch of Erbil. "

 

www.economy-news.net

[Butifldrm]

• economic

Central Bank: Reserves rose to more than $ 51 billion and inflation fell to 4%

22:10 - 26/03/2018

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Information / Baghdad

The governor of the Central Bank of Iraq, Ali Alalak, on Monday, the rise of Iraq's foreign currency reserves to 51.5 billion dollars.

Al-Alak said in a press statement that "foreign reserves rose during the current year to 51.5 billion dollars because of the failure of the central bank to buy treasury bills," adding that "the central bank has gone a long way in the management of foreign reserves and began to achieve financial returns through investment Gold abroad ".

He pointed out that "the central bank was able to restore the independence lost since 1980 to the government, in addition to controlling inflation, which reached 40% before 2003 and now 4%."

"The stability of the banking sector is an essential objective to achieve financial stability and curb inflation," he said.

He continued that "the system of payments in the Central Bank is one of the most advanced systems in the world and estimated transactions carried out monthly 14 trillion dinars did not face any violations." End 25 n

http://www.almaalomah.com/2018/03/26/294812/

[Carrello]

Buti, I am sorry I posted the above article. I had not seen your posting of the same one. This one I can read twice though!  

[Butifldrm]

3 minutes ago, Carrello said:

Buti, I am sorry I posted the above article. I had not seen your posting of the same one. This one I can read twice though!  

 

Carrello, not a problem lots of good news today.  I'm just alittle excited too! 

 

 

• economic

The Association of Banks signs an agreement with the General Council of Banks to train banking cadres

21:40 - 26/03/2018

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Twitter on Twitter

  

Information / Baghdad

On Monday, the Association of Iraqi Private Banks signed a cooperation agreement with the General Council of Banks and Islamic Public Institutions and a memorandum of understanding with the Association of Banks of Bahrain to enhance cooperation between the two parties through the holding of conferences and training for Iraqi banking cadres.

"A bank delegation comprising the president of the Association of Iraqi Private Banks Wadih al-Hanalal, his deputy Ali Muftan and a number of private and Islamic banks operating in Iraq visited the Kingdom of Bahrain to discuss the prospects of cooperation and the development of banking relations between Iraq and Bahrain," the statement said.

He added that "the Association of Iraqi private banks and the General Council of banks and public Islamic institutions signed an agreement to hold a series of exercises inside Iraq and the issuance of a certificate of competence in banking," explaining that "during the signing ceremony of the agreement, such as the Association of Iraqi private banks President Wadih al-Hanal and the General Council of banks and public Islamic institutions , Secretary-General Abdel-Elah Belaitik. "

The statement stressed that "the Association of Iraqi private banks also signed a memorandum of understanding with the Association of Banks of Bahrain to achieve mutual cooperation and exchange of expertise and the establishment of training."

The delegation visited the Kingdom of Bahrain in response to an invitation by the Chairman of the Board of Directors of the Association of Banks of Bahrain Adnan Yousef. The delegation met with a number of banks in the Kingdom of Bahrain to develop relations and achieve cooperation with private banks to facilitate the trade exchange between the two countries.

"The visit of the Iraqi banking delegation to the Kingdom of Bahrain resulted in the signing of an agreement and memorandum of understanding which will help develop bilateral relations," said Wadih al-Hanal, head of the Iraqi Private Banking Association.

He explained that "the Association of Iraqi private banks looking through the visit of the Iraqi banking delegation to the Kingdom of Bahrain to achieve more cooperation and open new horizons in relations between the Iraqi banks and Bahraini banks." End 25 n

http://www.almaalomah.com/2018/03/26/294811/

[davis411]

1 hour ago, Carrello said:

Buti, I am sorry I posted the above article. I had not seen your posting of the same one. This one I can read twice though!  

Uhhhh

[DinarThug]

30 minutes ago, davis411 said:

Uhhhh

 

Alright - Who Unplugged President Davis's Teleprompter Again ...

 

     

[pokerplayer]

5 minutes ago, DinarThug said:

 

Alright - Who Unplugged President Davis's Teleprompter Again ...

 

     

 

Now that's funny, I don't care who you are

 

pp

[DinarThug]

3 hours ago, Butifldrm said:

Iraq's debt is $ 71 billion

 

Banks

Economy News Baghdad: The Iraqi central bank governor Ali Aliak said on Monday that the Iraqi debt reached 71 billion dollars, stressing that the subject of deleting zeros from the currency is ready but needs a suitable environment for its implementation. Al-Aalak said in a meeting with the editors of a number of Iraqi media and attended by "Economy News" that "Iraq's external debt is still within reasonable rates did not reach the red zone," stressing that "the current Iraqi debt is $ 71 billion, divided into 42 billion An internal debt dollar and $ 29 billion in foreign debt. " He added that "some specialists add to the total debt amount of more than 40 billion dollars, which is a Gulf debt since the time of the previous regime and is pending and did not claim these countries," explaining that "the Gulf countries may be debt cancellation at any time." On the other hand, Al-Alaq said that "the subject of deleting zeros from the currency is ready but needs a suitable environment to be applied to prevent manipulation and fraud by the owners of vulnerable souls," noting that "the Central Bank sent the salaries of employees of the Kurdistan region before solving the problem with the central government and deposited In the branch of Erbil. "   http://economy-news.net/content.php?id=11713

 

Thx Buti And Ms Carrello !

 

 

Here's Some Highlighted Ones ... 

 

 

Iraq's debt is $ 71 billion

26/03/2018
 

Economy News Baghdad:

The Iraqi central bank governor Ali Aliak said on Monday that the Iraqi debt reached 71 billion dollars, stressing that the subject of deleting zeros from the currency is ready but needs a suitable environment for its implementation.

Al-Aalak said in a meeting with the editors of a number of Iraqi media and attended by "Economy News" that "Iraq's external debt is still within reasonable rates did not reach the red zone," stressing that "the current Iraqi debt is $ 71 billion, divided into 42 billion An internal debt dollar and $ 29 billion in foreign debt. "

He added that "some specialists add to the total debt amount of more than 40 billion dollars, which is a Gulf debt since the time of the previous regime and is pending and did not claim these countries," explaining that "the Gulf countries may be debt cancellation at any time."

On the other hand, Al-Alaq said that "the subject of deleting zeros from the currency is ready but needs a suitable environment to be applied to prevent manipulation and fraud by the owners of vulnerable souls," noting that "the Central Bank sent the salaries of employees of the Kurdistan region before solving the problem with the central government and deposited In the branch of Erbil. "

link

 

*************(*(***************

 

Iraq's debt is $ 71 billion

Economy News Baghdad:

The Iraqi central bank governor Ali Aliak said on Monday that the Iraqi debt reached 71 billion dollars, stressing that the subject of deleting zeros from the currency is ready but needs a suitable environment for its implementation.

Al-Aalak said in a meeting with the editors of a number of Iraqi media and attended by "Economy News" that "Iraq's external debt is still within reasonable rates did not reach the red zone," stressing that "the current Iraqi debt is $ 71 billion, divided into 42 billion An internal debt dollar and $ 29 billion in foreign debt. "

He added that "some specialists add to the total debt amount of more than 40 billion dollars, which is a Gulf debt since the time of the previous regime and is pending and did not claim these countries," explaining that "the Gulf countries may be debt cancellation at any time."

On the other hand, Al-Alaq said that "the subject of deleting zeros from the currency is ready but needs a suitable environment to be applied to prevent manipulation and fraud by the owners of vulnerable souls,"noting that "the Central Bank sent the salaries of employees of the Kurdistan region before solving the problem with the central government and deposited In the branch of Erbil. "

http://economy-news.net/conten.....=11713  

 

[DinarThug]

3 hours ago, Butifldrm said:

Central Bank announces the rise of Iraq's foreign currency reserves to 51.5 billion dollars

 

Side of the meeting of the Governor of the Central Bank on the relations with the local media «Economy News»

Banks

Economy News Baghdad: The governor of the Central Bank of Iraq, Ali Alalak, the rise of Iraq's foreign currency reserves to 51.5 billion dollars. Al-Alak said in a meeting with a number of editors of local newspapers and news agencies, including the "Economy News", that "the foreign reserves rose this year to 51.5 billion dollars because of the failure of the central bank to buy treasury remittances," adding that "the central bank has gone a long way in managing Foreign reserves and we are starting to generate financial returns by investing gold abroad. " He pointed out that "the Central Bank was able to restore the independence lost since 1980 to the government in addition to controlling inflation, which reached 40% before 2003 and now 4%." "The stability of the banking sector is an essential objective to achieve financial stability and curb inflation," he said. He continued that "the system of payments in the Central Bank is one of the most advanced systems in the world and estimated transactions carried out monthly 14 trillion dinars did not face any violations." http://economy-news.net/content.php?id=11712

Views 1638   Date Added 26/03/2018

 

Central Bank announces the rise of Iraq's foreign currency reserves

 Journal  March 26, 2018

 

 

Baghdad - Journal News

The governor of the Central Bank of Iraq, Ali Alalak, the rise of Iraq's foreign currency reserves to 51.5 billion dollars.

"The foreign reserves rose to $ 51.5 billion this year because the central bank did not buy treasury bills," al-Alak said in a meeting with a number of local newspaper editors and news agencies. "The central bank has gone a long way in managing foreign reserves and we are starting to generate returns Finance by investing gold abroad. "

He pointed out that "the central bank was able to restore the independence that he lost since 1980 to the government in addition to controlling inflation, which reached 40% before 2003 and now 4%."

"The stability of the banking sector is an essential objective to achieve financial stability and curb inflation," he said.

He explained that "the system of payments in the Central Bank is one of the most advanced systems in the world and estimated transactions carried out monthly 14 trillion dinars did not face any violations."

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